Tag: Realty Firms

Realty firms on Tuesday hailed the RBI’s decision to cut short-term lending rate saying the move would reduce the cost of funds to home buyers as well as developers and boost property demand. “Reserve Bank’s decision to cut the repo rate by 50 basis points and abolish pre-payment penalties is a good move for home […]

Last Monday, prospectus was filed according to which the Embassy Property Developers, an Indian real estate firm is planning to raise an amount of 513 million dollars through an IPO (Initial Public Offering) of shares. As per the prospectus, a pre-IPO placement of around 57.5 million shares for up to 11.75 billion rupees is being […]

April 15, 2010 The builders might now suffer with costlier scrounging since Reserve Bank of India (RBI) plans to ask banks to set apart more funds for loans to commercial realty projects. This in turn will force banks to aggrandize the interest rates on such loans. According to senior bankers RBI can take either of […]

India’s troubled realty firms may soon be thrown a lifeline, with the Reserve Bank of India indicating that banks consider providing support to large real estate companies. Recently, the regulator wrote to select banks telling them to assess the financial support given to builders and to finalize a workable solution, a senior banker said. The […]

With the domestic bourses taking cues from global markets, the realty stocks on Wednesday dipped 3.70% as bearish sentiments gripped the market. The realty index opened at 2,720.59 points and touched an intra-day low of 2,701 points in the first few minutes of trade. It was later quoting at 2,716.17 points, down 3.16%. Led by […]

Lehman Brothers’ bankrupcy is likely to cost Indian real estate. It may impact the financial major’s existing investments worth $500 million in realty firms, including DLF and Unitech, besides drying up another $500-million worth of potential investment which was expected to flow into Unitech’s Mumbai projects. The news of Lehman’s collapse brought the BSE realty […]

Three large realty firms have placed bids to build and operate stretches of national highways that have come up for auction this year as part of expanding their portfolio to offset a slump in their core business. Unitech Ltd, DLF Ltd and Omaxe Ltd are among several infrastructure companies bidding for the right to build […]

Delhi Development Authority (DDA) is firming up an elaborate plan for slum redevelopment projects in the capital. It has appointed consultants to prepare reports on the redevelopment of 30 slum clusters. The developer is expected to build houses for the slum dwellers and in return gets a portion of the total space for development which […]

A buoyant real estate market last year saw several realty firms foray into the hospitality sector. But with slowdown hitting real estate and choking cashflow, several small realty firms have been forced to put at least half a dozen hotel projects on the block. A developer has put on the block a 200-room hotel project […]

Five major realty companies including B L Kashyap and Sons are going to bid for developing a Rs 100-crore Five Star hotel in Bathinda, Punjab. The other three companies which have shown interest in the project are Chalet Hotels Limited, Ashiana Homes and Spirit Global, informed an official of PIDB. Punjab State Electricity Board (PSEB) […]

After losing more than 71% of its market cap in the past six months, the country’s largest real estate developer DLF has announced a share buyback. The company is likely to spend around Rs 500 crore on the buyback programme, which will result in around 1 crore shares (equivalent to 0.6% equity stake) getting extinguished. […]